Job Title: Market Data Business Analyst
Location: London, UK
Work Mode: Hybrid (2–3 days onsite)
Role Overview
We are seeking an experienced Market Data Business Analyst to support the management, optimisation, and governance of market data services across the organisation. The role will work closely with Front Office, Risk, Finance, IT, and Market Data Vendors to ensure accurate, compliant, and cost-effective delivery of market data solutions.
The ideal candidate will have strong domain knowledge of financial markets, hands-on experience with market data platforms, and excellent stakeholder management skills.
Key Responsibilities
Gather, analyse, and document business requirements related to market data usage, sourcing, distribution, and entitlement
Act as a liaison between business users, technology teams, and external market data vendors
Support market data onboarding, vendor integration, and platform migrations
Analyse market data consumption to support cost optimisation, licensing compliance, and vendor rationalisation
Work on data quality, data lineage, and data governance initiatives
Define and maintain business process flows, functional specifications, and data models
Support regulatory and audit requirements related to market data (e.g. MiFID II, data controls, usage reporting)
Assist with UAT planning and execution for market data related changes
Provide impact analysis for new instruments, exchanges, or vendor services
Required Skills & Experience
Market Data & Domain Knowledge
Strong understanding of financial instruments (Equities, FX, Fixed Income, Derivatives)
Hands-on experience with market data vendors such as:
Bloomberg
Refinitiv (Reuters)
ICE, CME, LSEG, Markit, or similar
Knowledge of market data licensing, entitlements, and redistribution models
Business Analysis Skills
Proven experience as a Business Analyst in banking or financial services
Strong skills in:
Requirements elicitation
Functional & non-functional documentation
Process mapping (AS-IS / TO-BE)
Gap analysis
Experience working in Agile and/or Waterfall delivery models
Technical & Data Skills
Understanding of data flows, feeds, APIs, and reference data
Experience working with market data platforms and internal distribution systems
Basic SQL or data analysis skills (nice to have)
Familiarity with data governance and control frameworks